You worked hard for it over time, saving up your cash month by month. Buying it made you feel powerful and in control of your life. You paid out a lot of money to purchase it. Yet, while it gives you prestige, it depreciates in value as time goes by. So, it causes you to lose money. What are we talking about?
I’m talking about your car. That precious asset which cost you thousands of pounds and probably caused you to get into debt. But the more miles it clocks up, wear and tear takes its toll, making you lose money. Wouldn’t it be great if you could find some way for your asset to earn some cash for you? Would you ever rent your car? Before you protest, please understand. Thousands of people visit the UK every year. They often have driving licenses and would rather hire a car than use public transport or hire taxis. They’d like to live as they do at home. Before you say ‘how could I allow someone to rent my car in the UK on a visit’, give the matter some thought.
There are specialist companies through which it’s possible to rent out your car. There are two ways to do it. Either by a remote system or through a smartphone app. The remote system is better for those who can regularly rent out their cars for a few hours. They leave their car in a pre-decided place and collect it from there later. They never meet the person to whom they rent the car. The other way to rent out your car is through the smartphone app. This is suitable for people who can hire out their car occasionally. The owner and the customer who wants to hire my car meet at checking in and checking out to sign the agreement. This is the way to put your car to work for you.
If I rent my car out and earn some money, that makes it quite profitable for me to have a car. Having a car confers a type of prestige. But as mentioned earlier, a car is an asset which depreciates over time. Wear and tear on the car and the fact that in time, car models become obsolete means that you cannot keep the car’s value high by keeping it all to yourself. The car running costs can be quite high, so the money earned when you rent your car can help with car maintenance and petrol. So, the car pays for itself.
With remote control and face identification, security and safety while you rent your car in the UK have become manageable. There are companies that rent peoples cars and this brings about a win-win situation for the company, the car owner and the people who hire the car too. The company has the role of identifying drivers who wish to hire cars and those who wish to rent out their cars. The car owners maintain their cars and make them available. The hirer gets a car which is working and not lying idle in a garage. It’s a win-win situation for everyone.